FBTC vs. FDIG
Compare and contrast key facts about Fidelity Wise Origin Bitcoin Trust (FBTC) and Fidelity Crypto Industry and Digital Payments ETF (FDIG).
FBTC and FDIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. FDIG is a passively managed fund by Fidelity that tracks the performance of the Fidelity Crypto Industry and Digital Payments Index. It was launched on Apr 19, 2022. Both FBTC and FDIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBTC or FDIG.
Correlation
The correlation between FBTC and FDIG is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FBTC vs. FDIG - Performance Comparison
Key characteristics
FBTC:
0.61
FDIG:
-0.03
FBTC:
1.24
FDIG:
0.40
FBTC:
1.14
FDIG:
1.04
FBTC:
1.23
FDIG:
-0.04
FBTC:
2.79
FDIG:
-0.08
FBTC:
12.14%
FDIG:
18.90%
FBTC:
55.59%
FDIG:
59.04%
FBTC:
-27.42%
FDIG:
-58.32%
FBTC:
-17.40%
FDIG:
-33.25%
Returns By Period
In the year-to-date period, FBTC achieves a -5.50% return, which is significantly higher than FDIG's -12.74% return.
FBTC
-5.50%
-6.91%
39.20%
37.88%
N/A
N/A
FDIG
-12.74%
-9.68%
7.19%
2.33%
N/A
N/A
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FBTC vs. FDIG - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is lower than FDIG's 0.39% expense ratio.
Risk-Adjusted Performance
FBTC vs. FDIG — Risk-Adjusted Performance Rank
FBTC
FDIG
FBTC vs. FDIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Trust (FBTC) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FBTC vs. FDIG - Dividend Comparison
FBTC has not paid dividends to shareholders, while FDIG's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% |
FDIG Fidelity Crypto Industry and Digital Payments ETF | 1.34% | 1.17% | 0.18% |
Drawdowns
FBTC vs. FDIG - Drawdown Comparison
The maximum FBTC drawdown since its inception was -27.42%, smaller than the maximum FDIG drawdown of -58.32%. Use the drawdown chart below to compare losses from any high point for FBTC and FDIG. For additional features, visit the drawdowns tool.
Volatility
FBTC vs. FDIG - Volatility Comparison
Fidelity Wise Origin Bitcoin Trust (FBTC) and Fidelity Crypto Industry and Digital Payments ETF (FDIG) have volatilities of 17.80% and 17.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.